SPONSORED ARTICLE: What is a reverse mortgage?

Wednesday, 1st November, 2017

While all retirees are different, most want to live a comfortable retirement, with independence and dignity.  For many, staying in their family home can be a key to achieving this by providing security, connection and familiarity with local community, proximity to friends and family, along with an emotional attachment. As the saying goes, a home is much more than a house.

It is, however, increasingly difficult to fund a comfortable retirement without significant savings.  This makes many retirees consider downsizing, which can be expensive and takes away some of the benefits from staying in the family home, or they are forced to tighten their belt.

Another option, that enables you to remain in your home and free up equity to provide some financial freedom – whether it be to  pay for home improvements, a new car, repay debt, travel, cover medical or aged care expenses, or just to take the stress out of every day bills - is a reverse mortgage.



A reverse mortgage is like a normal home loan that has been designed to meet the needs of seniors. It allows you to access the equity in your home for a better retirement without having to sell.  There is no requirement to make regular loan repayments, with the loan not required to be repaid until you move permanently from your home or sell the property. Your home remains yours and you can stay in it for as long as you choose.

When choosing a reverse mortgage, it is important to ensure that you are choosing one with the flexibility needed for your requirements and objectives, including different drawdown options, the ability to make repayments if you choose to at any time, and with protections such as lifetime occupancy and a no-negative equity guarantee.

Heartland Seniors Finance is Australia’s leading Reverse Mortgage provider. Established in 2004, Heartland’s flexible, award-winning product has assisted over ten thousand people aged 60 and over release equity from their home and live the retirement they deserve, with independence and dignity. For more information on reverse mortgages, and how they can help you, take a look at Heartland’s website here


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Important Notice: This information has been prepared without taking account of the needs, objectives, or financial situation of any particular individual. Applicants should consider their own circumstances and, if necessary, seek professional advice. Applications are subject to loan approval criteria. Terms, conditions, fees and charges apply. Credit provided by ASF Custodians Pty Ltd (ACN 106 822 780/ Australian Credit Licence No. 386781.

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